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MELBOURNE, Australia — Shares of Southern Cross Gold Consolidated Ltd. climbed sharply Thursday, rising $0.92, or 8.13%, to $12.24, after the exploration company released a fresh batch of high-grade drilling results from its flagship Sunday Creek gold-antimony project in Victoria.

The dual-listed company, which trades under the ticker SXGC on the Toronto Stock Exchange and as SX2 through CHESS Depositary Interests on the Australian Securities Exchange, announced Wednesday that results from five newly reported drill holes had extended the known mineralization at Sunday Creek to its furthest eastern point to date, while also showing increasing grades at depth within the project’s Apollo prospect.

The headline result came from drill hole SDDSC222W1, which returned an intersection of 0.6 meters at 993.2 grams per tonne gold equivalent, comprising 972.0 grams per tonne gold and 8.9% antimony, from a depth of 808.5 meters. The company said the intersection ranked as the ninth-best composite result drilled at Sunday Creek to date, striking mineralization roughly 620 meters below surface within the Apollo prospect.

A separate hole, SDDSC227, delivered what Southern Cross Gold described as the shallowest high-grade intersection yet drilled in the project’s Apollo East zone, returning 5.1 meters at 27.2 grams per tonne gold equivalent, including a higher-grade section of 2.6 meters at 51.1 grams per tonne gold equivalent, from a depth of just 260.9 meters. The company said the hole also represented the most easterly and shallowest significant drill intersection reported at the project to date, alongside an antimony assay of 32.5%.

Southern Cross Gold said the latest results reinforced the view that the mineralized system at Sunday Creek remains open both laterally and at depth, with the company continuing a systematic step-out drilling program designed to test the full extent of the deposit. As of the company’s latest project update, dated Sept. 2, a total of 283 drill holes covering 136,941 meters have now been reported across the main Sunday Creek area, which spans a strike length of 1,550 meters between the Christina and Apollo prospects, along with additional regional targets at the Leviathan, Tonstal and Consols prospects located up to 8 kilometers to the northeast.

The company has described the geological structure at Sunday Creek as resembling the side rails of a ladder when viewed from above, with sub-vertical mineralized vein sets acting as the ladder’s “rungs” extending from surface to significant depth. At the project’s Apollo and Rising Sun zones specifically, these individual mineralized structures have now been defined across a vertical extent of more than 600 meters, reaching as deep as 1,245 meters below surface, with widths typically ranging between 2.5 and 3.5 meters, and in some cases up to 10 meters, extending along strike lengths of between 20 and 100 meters.

According to the company, at least 125 of these mineralized “rungs” have now been identified at Sunday Creek, with high-grade intercepts reaching as much as 7,330 grams per tonne gold at the system’s richest points. As of the Sept. 2 update, the project has delivered a cumulative total of 98 composite drill intersections exceeding 100 grams per tonne gold, 83 composite intersections between 50 and 100 grams per tonne gold, and 111 individual intersections exceeding 10% antimony, based on a cutoff grade of 5 grams per tonne gold equivalent applied over a minimum 1-meter downhole interval.

Southern Cross Gold holds 100% ownership of the Sunday Creek project, located roughly 60 kilometers north of Melbourne within Victoria’s historic goldfields region. The company controls a broader tenement package spanning 16,900 hectares in the area, including 1,392 hectares of key freehold land directly covering the Sunday Creek mineralized system, giving the company a strong strategic land position as it continues expanding the known extent of the deposit through ongoing exploration drilling.

Thursday’s share price gain adds to a substantial run for the stock over the past year. According to market data, Southern Cross Gold’s share price has climbed more than 267% over the trailing 52 weeks, reflecting sustained investor interest in the company’s ongoing exploration success at Sunday Creek. The stock’s elevated volatility, with a beta measure of 2.92 according to available market statistics, indicates the shares have moved considerably more sharply than the broader market in both directions over that period, a pattern common among small-cap exploration companies delivering a steady stream of high-grade drilling news.

Beyond gold, Southern Cross Gold’s project carries added significance given the antimony content found alongside gold mineralization at Sunday Creek. Antimony has drawn increasing strategic attention in recent years as a critical mineral used in a range of industrial and defense-related applications, with global supply chains for the metal remaining heavily concentrated in China. The dual gold-antimony nature of the Sunday Creek deposit has positioned Southern Cross Gold as a company of interest not only to traditional gold-focused investors but also to those tracking the broader push by Western governments and manufacturers to diversify critical mineral supply chains.

Michael Hudson, president, chief executive officer and managing director of Southern Cross Gold, serves as the qualified person responsible for reviewing and verifying the technical content of the company’s drilling disclosures, in line with standard reporting requirements for mineral exploration companies listed on both the Toronto and Australian exchanges.

The company has continued to release drilling results from Sunday Creek on a rolling basis throughout 2026, with Wednesday’s announcement following a similar high-grade update released roughly a week earlier that included a standout intersection of 0.3 meters at 1,466 grams per tonne gold from the project’s Rising Sun zone. That earlier result was described by the company as among the deepest and highest-grade intersections reported at Sunday Creek to date, further reinforcing the broader trend of expanding, high-grade mineralization the company has continued to report across the project’s evolving footprint.

With drilling ongoing and additional assay results still pending from the current program, Southern Cross Gold has indicated it will continue reporting new intersections as they become available, a pattern of regular newsflow that has helped sustain investor attention in the stock throughout the year even as the company works to further define the full scale of the Sunday Creek gold-antimony system.

HOUSTON — With NBA training camps just weeks away, speculation continues to swirl around whether the Houston Rockets might explore trading star forward Kevin Durant, with the Boston Celtics repeatedly surfacing as a potential landing spot in trade discussions circulating among fans and analysts.

Durant, who joined the Rockets last season, delivered a strong debut campaign in Houston, averaging 26.0 points, 5.5 rebounds and 4.8 assists across 78 games while earning an All-NBA Second Team selection. The performance helped power the Rockets to a 50-plus win season that included victories over serious title contenders such as the Oklahoma City Thunder and San Antonio Spurs.

Since departing the Oklahoma City Thunder in 2016, Durant has typically spent roughly three years with each subsequent franchise before moving on, a pattern that has fueled ongoing speculation about his long-term future in Houston even after a successful first season with the team. Durant, 37, holds a player option for the 2027-2028 season, a contractual detail that has added to the uncertainty surrounding his long-term outlook with the Rockets, as teams sometimes weigh trading a star before a player option year to maximize their return rather than risk losing him to free agency with limited compensation.

Analysts have periodically floated a hypothetical trade sending Durant to the Boston Celtics, an idea that has resurfaced multiple times over the past several months without ever advancing into confirmed negotiations. Rather than emerging from concrete reporting of talks between the two front offices, much of the speculation appears rooted in ongoing fan interest and periodic commentary from media figures and former players discussing Boston as a hypothetical fit, given Durant’s stature and the Celtics’ recent roster turnover.

One recent trade framework circulated on social media proposed sending Durant to Boston in exchange for a package built around Jordan Walsh, Sam Hauser, Payton Pritchard and a 2031 first-round pick, though such a deal has not been reported as an actual offer discussed between the two organizations.

For Houston, the case in favor of exploring a Durant trade centers largely on the team’s broader roster timeline. With Alperen Sengun and Amen Thompson both expected to take further developmental steps this season, some analysts argue the Rockets’ front office should approach the coming years with a win-now mindset, positioning the roster around younger, ascending talent rather than an aging superstar who could see his production decline before the franchise’s championship window fully opens.

Because Houston’s projected starting lineup is already considered well balanced heading into the new season, any hypothetical move involving Durant would need to bring back a similarly impactful piece capable of playing his position. Boston’s Jayson Tatum, an elite combo forward in his own right, has frequently been floated as a stylistic match for such a swap, given the overlapping skill sets the two players share as versatile, high-scoring forwards.

Tatum, who is working his way back from a torn Achilles tendon suffered during the 2025 playoffs, appeared in 16 games last season upon his return, averaging 21.8 points, 10.0 rebounds and 5.3 assists. Boston’s decision to move on from longtime co-star Jaylen Brown earlier this year has been interpreted by some observers as a signal that the Celtics’ front office views Tatum, rather than Brown, as the organization’s long-term franchise cornerstone going forward, adding a layer of plausibility to speculation about Boston’s broader roster direction even as any Durant swap remains purely hypothetical.

Despite the theoretical appeal of a Durant-for-Tatum framework, most signs point toward such a deal being highly unlikely to materialize. Outside of Tatum, Boston’s most valuable trade assets are largely considered to be Paul George and Derrick White, alongside a collection of developing young players. Neither alternative appears to offer Houston a package the Rockets would be likely to view as an upgrade over keeping Durant.

George, who joined the Celtics as a free agent addition, has produced less offensively than Durant throughout his career and has also battled significant injury issues in recent seasons, appearing in roughly half of Philadelphia’s regular-season games during each of his two seasons with the 76ers before joining Boston. That injury history is seen as a considerable risk factor for a Rockets team hoping to build sustained postseason success around its core.

White, meanwhile, is regarded as a near-All-Star-level guard, but Houston’s backcourt is already densely populated with talent, including Fred VanVleet, Amen Thompson, Marcus Smart and rising young guard Reed Sheppard. Rockets head coach Ime Udoka already faces meaningful decisions about how to balance playing time among that group following VanVleet’s return from injury and Sheppard’s continued development, making the addition of another ball-dominant guard like White a difficult roster fit regardless of the broader trade value involved.

Beyond the roster-fit questions, NBA insider Jake Fischer has reported that there is little indication the Rockets organization is actively looking to move on from Durant this offseason, despite the persistent rumors. According to Fischer, Houston’s front office has attributed last season’s underwhelming stretches to injury-related misfortune rather than any deeper concerns about the roster’s construction, suggesting internal confidence that a full, healthy season featuring Durant alongside a recovering VanVleet and center Steven Adams could yield significantly better results.

Given that context, most analysis of the Durant-to-Celtics speculation has concluded that Houston should regard Durant as effectively untouchable barring an extraordinarily favorable offer, one that neither Boston’s current asset base nor other reported suitors appear positioned to provide. Durant’s strong debut season with the Rockets, combined with the franchise’s broader trajectory toward legitimate championship contention, has left most evaluators skeptical that Houston’s front office would willingly part with a player of his caliber for anything less than a transformative package in return.

For now, the Durant-to-Boston rumor remains confined to speculative trade frameworks and offseason commentary rather than any confirmed dialogue between the two front offices. Barring a significant shift in either organization’s roster strategy in the weeks leading up to training camp, most signs suggest Durant will open the 2026-2027 season in a Rockets uniform, continuing to anchor a Houston roster built around a mix of established veterans and emerging young talent as the franchise looks to build on last year’s strong regular-season showing and push deeper into the playoffs.

RIYADH, Saudi Arabia — Cristiano Ronaldo’s first public post after Lionel Messi retired from Argentina was not a tribute. It was a gym photo from Al-Nassr training and two words: “Keep pushing.”

The Portuguese forward did not name Messi, did not mention the World Cup and did not join the wave of farewell notes that followed the Argentine’s Instagram letter on Aug. 31. The timing was enough. For two decades, almost anything one man did was read against the other. A training caption became, in fan debates, a statement of intent.

There is no evidence Ronaldo was answering Messi. Interpreting the post as a reply is speculation. What is documented is narrower: Messi closed a 21-year international career. Ronaldo, still attached to Portugal and still training in Saudi Arabia, posted work.

What Messi said

Messi, 39, announced the decision on Instagram, posting notes he said he wrote on July 21, two days after Argentina lost the World Cup final to Spain after extra time. He delayed publishing the letter while his father, Jorge Messi, was ill. Jorge died on Aug. 7 at 68.

“It was a decision that hurt — and still hurts deep down — but I understand that the time has come,” Messi wrote.

He finished with 125 goals in 207 appearances, Argentina’s record scorer and most-capped player, a 2022 World Cup winner, a 2026 World Cup runner-up and a two-time Copa América champion in 2021 and 2024. He played in six World Cups.

“I swear to you that I always gave it my all — not just in these last few years when we won everything, but before that too,” he wrote. “I always fought and left everything on the field for this jersey, to bring you joy and make you feel proud to be Argentine through football.”

“Time is running short, chapters come to a close, and this is one that hurts me deeply. I love, have loved, and will always love being part of the national team. I’ve given everything I had; I have nothing left to give, and besides, there are some great young players coming up who deserve to be here.”

He thanked supporters for 20 years and said he would now cheer “from the outside.” He closed: “Thank you, God, for making me Argentine. Vamos Argentina!” A note at the end added: “I wrote these words on July 21st, two days after the final. Today, after what happened with my dad, I am even more convinced than before.”

He will continue at club level with Inter Miami. Days before the announcement he scored four goals in a 7-1 win over CF Montreal.

Argentina Football Association president Claudio Tapia called him “the captain of our dreams” and asked that he “be eternal.” There is no current plan for Messi to return as a working international.

What Ronaldo actually posted

Ronaldo, 41, shared images of gym work and a session on the grass at Al-Nassr. The caption was “Keep pushing.” He did not tag Messi. He did not quote the retirement letter.

That absence produced a vacuum, and the vacuum filled with forgeries. A circulating screenshot claimed Ronaldo had written that “the rivalry was real… but so was the respect,” that Messi had inspired him, and “Rest now, brother.” Fact-checks of Ronaldo’s official accounts found no such post. The tribute was fabricated.

The real record of Ronaldo addressing Messi this summer is older and personal. After Jorge Messi’s death, Ronaldo commented on Messi’s tribute: “A huge hug to you and yours in these tough times, Leo. Much strength.” That message was public, named Leo and concerned grief, not international retirement.

The contrast is useful. When Ronaldo wanted to speak to Messi, he did. When Messi left the national team, Ronaldo talked about training.

In mid-August, Ronaldo told Vogue, “This is probably my last year of football, and I want to leave a spectacular legacy.” He has not said he is leaving Portugal. He remains the country’s captain and men’s international soccer’s leading scorer, with 146 goals, ahead of Messi’s 125.

Two careers, two clocks

The Messi-Ronaldo argument defined a generation: Barcelona against Real Madrid, Ballon d’Or nights, Champions League semifinals, then a split to Paris Saint-Germain, Inter Miami, Juventus, Manchester United’s return and Al-Nassr. They are no longer weekly opponents in Europe. They are still the measuring stick.

Messi’s international story is now complete. It includes a 2005 debut, a 2016 Copa América final resignation that he later reversed, years of criticism in Argentina, then the delayed harvest: Copa América in 2021, the World Cup in Qatar, another Copa in 2024, and a last World Cup that ended one extra-time goal short. He said young players “deserve to be here.” Argentina must replace a No. 10 who was also a national symbol.

Ronaldo’s international story is not closed. Portugal has a younger core. The question around him is duration, not absence. He is still scoring in the Saudi Pro League and still presenting himself as a player in work mode. “Keep pushing” is the language he has used for years about extra sessions, diet and recovery. Applied to this week, it reads as a refusal to treat Messi’s exit as a cue for his own.

That is why a two-word caption traveled. Fans who wanted a handshake in public did not get one. Fans who wanted a claim that the race continues heard one, whether Ronaldo intended it or not.

What the silence does not mean

Silence is not hostility. Ronaldo’s August comment on Messi’s father undercuts any claim that he would not address the Argentine by name. Nor is the gym post a policy statement from the Portugal federation. It is a club athlete posting from camp.

Soccer’s farewell economy rewards the grand gesture. Teammates, coaches and presidents wrote essays. Ronaldo posted sweat. In a rivalry that was always part sport and part content, the missing tribute became content anyway.

The facts that will last are simpler. Messi retired from Argentina after 207 games and a World Cup. He said the decision hurt and that he had nothing left to give the shirt. Ronaldo, still playing, posted “Keep pushing” and did not mention him. Anything beyond that is fan fiction, including the fake letter that borrowed Ronaldo’s name.

Their club paths still run. Messi is in Major League Soccer. Ronaldo is in Riyadh. One international career has an end date. The other does not, yet. The photograph from Al-Nassr does not change the medal table. It only showed, again, that the two men no longer have to speak for the comparison to start.

Shares of Housing and Urban Development Corporation (HUDCO) jumped nearly 4% on Thursday to a day’s high of Rs 184.69 on the NSE after the company signed a Memorandum of Understanding (MoU) with the Government of Bihar to provide financial assistance of up to Rs 25,000 crore.

According to an exchange filing on Wednesday, the company said the MoU is aimed at providing financial assistance over a period of five years for the development of industrial infrastructure, including land acquisition for projects.

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Under the MoU, the Government of Bihar is undertaking the development of industrial park projects across different districts of the state, for which it requires timely availability of land.

The Infrastructure Development Authority, Bihar (IDA), has been entrusted by the Government of Bihar with facilitating and/or implementing identified infrastructure development initiatives, including the development of industrial parks in the state. To fulfil these responsibilities, it may be required to undertake the acquisition, purchase, consolidation or development of land, as well as the development of enabling infrastructure for industrial park projects.

The MoU is aimed at facilitating HUDCO in the planning, development and financing of the proposed industrial parks in Bihar in a time-bound manner, in accordance with the rules and regulations of the state government.
The loan shall be availed in tranches by the statutory authority specifically designated by the state government. HUDCO shall provide funds on flexible terms and conditions, including a moratorium period and a flexible repayment schedule of up to 25 years, with an option for prepayment.The loan to HUDCO shall be repaid by escrowing revenue generated from the projects or by ring-fencing other sources of revenue from identified receivables or the state budget.

The MoU shall remain valid for three years from the date of execution, subject to annual review.

In July 2026, HUDCO signed another MoU with the Government of Bihar, aimed at providing term loans of up to Rs 1 lakh crore over a period of five years for various urban infrastructure projects, including land acquisition.

The MoU was aimed at facilitating HUDCO in the planning, development and financing of the proposed Greenfield Satellite Cities in Bihar in a time-bound manner, in accordance with the rules and regulations of the state government.

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Under this MoU, HUDCO shall provide funds on flexible terms and conditions, including a moratorium period and a flexible repayment schedule of up to 25 years, with an option for prepayment.

So far in 2026, the stock has declined 19.68% and is down nearly 15.54% over the last one year. The stock has gained 139% over the last three years and 321% over the last five years.

(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times.)

A spokesperson for the airport rejected claims that expansion was incompatible with net zero goals – and said the airport was committed to a completely privately-funded noise insulation scheme for local homes.

On transport infrastructure, Heathrow stated its expansion plans include widening a busy stretch of the M25, adding that it will present “viable and funded solutions” for required public transport upgrades as part of the planning process.

“This is about much more than a new runway.

“It’s about unlocking growth and over 100,000 jobs for the whole country, boosting British trade by £150bn, making travel more affordable and revitalising the UK’s steel industry.”

The mayor’s stance is backed by a coalition of London and home counties council leaders – including Wandsworth, Richmond, Kingston, Hillingdon, Southwark, Sutton, and Windsor and Maidenhead.

In a joint letter to Transport Secretary Heidi Alexander following the consultation’s close, the cross-party group called on the government to withdraw support for the third runway.

However, the Back Heathrow campaign pushed back against the councils, claiming their opposition was “not representative” of local residents.

Executive director Parmjit Dhanda said more than 100,000 local members support the expansion, citing the potential for jobs, trade, and economic growth, adding that a new runway was “way overdue”.

The Department for Transport, which threw its support behind expansion under Keir Starmer’s premiership in 2025, said ministers would “carefully consider all responses before setting out next steps later this year”.

“We have always been clear that expansion will only go ahead if it is delivered in line with our legally binding climate change obligations, and meets strict environmental rules on air quality and noise pollution,” a spokesperson for the department added.

Analysis: Tom Edwards, BBC London transport correspondent

The position of the mayor and TfL against expansion at Heathrow hasn’t changed -they have always had concerns over noise pollution, public transport and extra traffic.

What is different this time is they think the modelling is outdated, and the language seems to have toughened.

Perhaps Ulez has empowered the mayor to be more direct?

TfL said since the pandemic, the world had changed with a decline in business travel. They also said the figures being used to back expansion are over ten years old and no longer relevant.

It leaves the mayor potentially on a collision course with the pro-expansion lobby – including those within his own party.

Ministers are calling on the government to protect face-to-face banking services in the county

Britain’s largest banks have been criticised by MPs over the ‘decimation’ of rural services, which is leaving communities in areas such as Devon without adequate provision.

South Devon Liberal Democrat MP Caroline Voaden led a Westminster Hall debate centred on face-to-face banking services in rural communities.

“While big banks make billions in profits they close branches with impunity,” she said. “They are turning their backs on customers and leaving small businesses struggling.”

Last year, she said, Lloyds posted £6.7bn in profit, which she described as an ‘incredible’ sum, meaning the bank had ample resources to sustain rural banking services.

“Nobody needs to be making £6.7bn of profit a year,” she added.

Fellow Devon MPs also contributed to the debate, with Exmouth and Exeter East Conservative MP David Reed noting that every major bank had departed Budleigh Salterton, leaving the town and its summer visitors with no means of accessing cash beyond a machine at Tesco.

Ms Voaden said that 64 per cent of all bank and building society branches that were open in January 2015 have since shut their doors, and across the 450 square miles of the South Devon constituency just a single bank branch remained.

“It is simply outrageous that banks have been able to get away with this,” she said.

“Face-to-face banking is essential for millions of people and thousands of small businesses. The rapid and ruthless shift towards online banking is potentially disenfranchising millions of people.”

Statistics reveal that 86 per cent of people in rural areas have witnessed their nearest bank branch shut its doors, with no alternative bank to switch to. Travelling to a bank via public transport can be a ‘major mission’ taking up to half a day.

“We are facing a perfect storm of decimated public transport, appalling digital connectivity and closure of banking services,” said Ms Voaden. “Those three make a toxic combination.”

The South Devon MP called for the criteria for opening a town banking ‘hub’ to be broadened, adding: “Having a bank account and being able to access a range of banking services are a necessity in modern society, not a luxury.

“The government must rebalance things in favour of our high streets and communities and put an end to the favourable treatment for big banks.

“Enough now – it is time that the government took action to protect and restore face-to-face banking services across rural areas.”

Tiverton and Minehead’s Liberal Democrat MP Rachel Gilmour said her constituency spans 1,250 square miles and has a predominantly elderly population.

Should a constituent need to visit a bank in Taunton, she added, the round trip by bus takes five hours.

Richard Foord, the Liberal Democrat MP for Honiton and Sidmouth, described the loss of local branches as ‘an appalling bank heist’, adding: “It is not a vault being raided, and it is not cash being snatched. It is the very banking services that support our most vulnerable being taken away.

“Lloyds closed 218 branches across the country last year, including in Seaton, and will close 95 more in the next year, including in Honiton, while reporting £6.7bn of pre-tax profits. That is an outrage, and the government needs to do more to ensure that the most vulnerable in our society get the services they need in rural regions.”